CIBC Mortgage Discharge Fee

Imagine that you finally got a mortgage, but suddenly found better conditions with lower mortgage terms and a longer amortization period. So, it doesn’t really matter what you decide to do, transfer your mortgage to another lender or refinance it with better conditions, there is a cibc mortgage discharge fee as well as other prepayment… Continue reading CIBC Mortgage Discharge Fee

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Interest Only Mortgage Explained

In this article, we will talk about such an option as an interest-only mortgage. The real estate market in Canada offers hundreds of thousands of options – from small studio apartments to luxurious three-story mansions. Accordingly, the offers of banks are also diverse and you can choose the best option suitable for your life and… Continue reading Interest Only Mortgage Explained

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Open Mortgage vs Closed – the Key Differences

Purchasing property, many Canadians struggle to choose between an open mortgage vs. closed one. Choosing a house or apartment, each of us starts from our personal preferences and capabilities. Therefore, banks offer flexible programs with different conditions. One of these possibilities is an open or closed mortgage. One Variant — Different Meanings The distinguishing feature… Continue reading Open Mortgage vs Closed – the Key Differences

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